It has been noted that 38,000 calls to buy the stock changed hands on Tuesday, which was 11 times the four week average. Does this mean that we will soon be seeing Expedia being acquired?
Expedia employs about 6,000 people worldwide, with 2009 revenue of $2.95 billion. The company, with a market value of $7.4 billion, has been discussed as a buyout target in the past.
Will we see a buyout very soon?
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.